Good morning. Happy Friday. Happy Quad Witching Day. The Asian/Pacific markets closed with across-the-board gains. South Korea rallied almost 4%, and Japan and Taiwan moved up better than 2%. Europe is currently mostly up. Germany is the sole 1% winner. Futures here in the States point towards a moderate gap down for the cash market.
Before the Open (Sep 15)
Good morning. Happy Thursday. The Asian/Pacific markets closed mostly up. Taiwan rallied over 2%; Australia, India, Japan, Singapore and South Korea gained more than 1%. Europe is posting solid across-the-board gains. France, Germany, Stockholm and London are up more than 2%. Futures here in the States point towards a positive open for the cash market.
Before the Open (Sep 14)
Good morning. Happy Wednesday. The Asian/Pacific markets closed mixed but with a bearish bias. South Korea dropped more than 3%; Taiwan more than 2%; Australia, Indonesia and Japan more than 1%. Europe is up across the board. France and Germany are rallying more than 2%. Several other indexes are up more than 1%. Futures here […]
Bullish Wedge Forming on S&P
Quick post here. I’ve shown and talked about the bear flag forming on all the indexes. Now we have a new pattern that is potentially bullish short term. A falling wedge is forming that could certainly push the S&P up to prior support near 1260. I’m still bearish long term, but short term you gotta […]
Before the Open (Sep 13)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mixed and for a change were relatively quiet. Europe is currently mixed; Germany is up 1.4%. Futures here in the States are all over the place. They were flat…then they dropped vertically…now they’re climbing back. There’ll be much more movement between the time I write this and […]
Using Put/Call Open-Interest to Predict the Rest of the Week
Options expire this Friday, so let’s take a look at the open-interest on SPY, DIA, QQQ and IWM to see if they hint at movement the rest of the week. Here’s the theory: the market conspires to cause the most pain, to cause the most number of people to lose the most amount of money. […]
Before the Open (Sep 12)
Good morning. Happy Monday. Hope you had a nice weekend. The Asian/Pacific markets closed down across the board. Hong Kong lost more than 4%…Australia more than 3%…all other down at least 1%. Europe is currently getting hit hard. Losses are in the 2-4% range. Futures here in the States point towards a large gap down […]
Before the Open (Sep 9)
Good morning. Happy Friday. The Asian/Pacific markets closed mostly down. India, Singapore and South Korea lost more than 1%. Europe is currently down across the board. Belgium, France, Germany and Stockholm are down more than 1%. Futures here in the States point towards a weakish open for the cash market.
Before the Open (Sep 8)
Good morning. Happy Thursday. The Asian/Pacific markets closed mostly up, but gains were small. Europe is currently mostly up; gains are small there too. Futures here in the States are down a couple points.
Before the Open (Sep 7)
Good morning. Happy Wednesday. The Asian/Pacific markets closed with solid across-the-board gains. Australia, Indonesia, Japan, Singapore, South Korea and Taiwan gained more than 2%. Europe is currently posting similar gains. Belgium, France, Germany and Stockholm are leading the way. Futures here in the States point towards a moderate gap up open for the cash market.